American Properties Fund Launches a Series of Real Estate Investment Funds Targeting Distressed Real Estate in the US
American Properties Fund is an investment group targeting distressed real estate in the US. Primary focus has been on REO bank foreclosure properties which are providing the combination of strong cash flows and significant capital appreciation opportunities.
(PRWEB) May 1, 2009 -- American Properties Fund has announced the launch of a series of new real estate investment funds targeting distressed real estate in the United States. The firm's three co-managing directors are unanimous that this is a historic moment for real estate investment.
According to Managing Director Patrick ONeill, "Our acquisition team is very specific about the criteria for the assets purchased by the fund. We are seeking properties with minimum discounts of sixty to seventy percent that are generating strong cash flows". The company has been focused on the REO Bank Foreclosure properties in the United States and in particular Sothern California but according to ONeill "the market is dynamic and constantly changing and we are keeping very close watch on other US and international markets."
The acquisition team for American Properties Fund is currently in California targeting Los Angeles and Orange Counties. Co-Managing Director Brian Laughlin explains, "Our proprietary software allows us to simultaneously analyze and monitor multiple real estate markets. There are numerous areas with large discounts but we are also seeking net cash flows of over eight percent. Right now the perfect combinations are found in the Southern California markets".
"Our executive team has over one hundred years of experience" states Paul Lam the third Co-Managing Director at American Properties Fund. "The funds are turnkey investment vehicles that provide complete asset management from acquisition to liquidation." Commenting on the current market conditions Lam says, "In my thirty years of investing, I have never seen the types of opportunities happening right now in the US". As an example Lam illustrates a recent acquisition of $142,000 that sold for $430,000 three years ago. The property is now tenant occupied on a one year lease and renting at $1,650. "You do the math, this is real estate 101."
The American Properties Fund investment vehicles are regulated under the Securities and Exchange Commission and are available only to qualified investors. "There is a strict qualifying process," says ONeill, "if investors qualify the funds are better than single property ownership with risk mitigation components and no financing requirements."
The sub prime meltdown, global financial crisis and the lack of lending may have created the best time in modern history to purchase real estate. "Don't let this crisis go to waste," says Lam.
For more information visit the American Properties Fund website www.ampfund.com or call US toll free 877-327-2863.
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